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ASIC, ANZ gear up for battle over Ashurst advice in bank fees case
ASIC has launched a bid to gain access to legal advice provided by Ashurst to Australia and New Zealand Banking Group in the regulator's case over $35 million in allegedly illegal bank fees.
Appeals court overturns ban on Black Lives Matter protest
The Court of Appeal for the NSW Supreme Court on Saturday overturned a ruling that banned this weekend's Black Lives Matter protest, saying the rally was an authorised public assembly.
CBA hit with $5M penalty for overcharging customers
A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its agricultural products, despite previously expressing concerns that the penalty was "on the light side".
Judge slams ‘deficient’ explanation behind $2.9M penalty in ACCC, HealthEngine case
A penalty hearing in the ACCC's case against health booking company HealthEngine over misleading online reviews has been adjourned after a judge criticised the parties' joint submissions as "deficient" for failing to explain how a proposed $2.9 million penalty had been arrived at.
Game over: Sony to pay $3.5M for misleading PlayStation representations
Gaming giant Sony has agreed to pay a $3.5 million penalty to settle proceedings brought by the ACCC for making misleading consumer representations to purchasers of PlayStation games.
Toxic foam class action settlement hearing runs to second day, with ‘unusual’ number of objections
The settlement of three class actions brought against the Commonwealth of Australia over its alleged use of toxic firefighting foam on government military bases is facing an unusually high number of objections, pushing an approval hearing into a second day as dissenters voice their concerns in court.
Robodebt recipients won’t be asked to waive class action claims
Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.
‘An immediate conflict of interest’: Appeals court tosses opt out notices in AMP class action
An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
ASIC’s proposed $5M penalty against CBA ‘on the light side’, judge says
A judge has questioned ASIC's proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was "on the light side" for the bank's conduct in overcharging $8 million in fees on its agricultural products.
Banksia class action funder can’t keep details of misconduct claims under wraps
A judge has rejected calls to keep confidential the details of professional misconduct claims against the funder and lawyers behind the Banksia Securities class action, in a ruling that revealed that investors of the collapsed lender could recover $30 million more if allegations against the legal team are established at trial.